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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMomentum remains strong for Coinbase despite regulatory uncertainty, analyst saysOwen Lau, executive director and senior analyst at Oppenheimer, discusses the cryptocurrency exchange's fourth-quarter results and its legal fight with the U.S. Securities and Exchange Commission, saying the "outcome is highly unpredictable, but I have confidence that Coinbase will fight with the SEC and probably can prevail."
Persons: Owen Lau, Oppenheimer Organizations: U.S . Securities, Exchange Commission, SEC
Israeli Prime Minister Benjamin Netanyahu attends a media conference in Tel Aviv on October 12, 2023. Jacquelyn Martin/AFP/Getty ImagesIsrael's Prime Minister Benjamin Netanyahu on Wednesday reiterated his intention to order concerted military operations in Rafah, vowing that his country will fight “until the absolutely victory.”Netanyahu said “powerful action” would come in the southern Gazan city after the evacuation of civilians from "battle zones." German Foreign Minister Annalena Baerbock condemned Israel's planned ground offensive, saying it would create a "humanitarian catastrophe.”It comes as the Israeli military said Wednesday that it has struck Hezbollah targets in Lebanon, as the Israel Defense Forces chief of staff warned of an ongoing offensive against targets in the neighboring country. The strikes follow an earlier deadly rocket attack from Lebanon on a northern Israeli city. Here are the latest headlines:
Persons: Benjamin Netanyahu, Jacquelyn Martin, , ” Netanyahu, Annalena Baerbock, Israel's Organizations: Getty, Israel's, Red Cross, Israel Defense Forces Locations: Tel Aviv, AFP, Rafah, Gazan, Israel, Lebanon, Israeli
Abed Zagout/Anadolu/Getty ImagesThe Israeli military has not yet presented its plan to the government for the evacuation of Rafah, a spokesperson for the Israel Defense Forces (IDF) told CNN on Tuesday. Israeli Prime Minister Benjamin Netanyahu on Friday directed the IDF to plan for the “evacuation of the population” from Rafah, ahead of an anticipated ground assault on the southern Gaza city. "The government has instructed the IDF to devise a plan to achieve our goals, our war goals, in the area of Rafah," IDF spokesperson Lieutenant Colonel Peter Lerner told CNN's John Vause on Tuesday. Lerner said the military aims to create a plan that evacuates civilians "out of harm's way" and differentiates civilians from Hamas militants. We have confidence in our ability to differentiate and distinguish," he told Vause, admitting, however, that it comes "not without challenge."
Persons: Abed Zagout, Benjamin Netanyahu, Peter Lerner, CNN's John Vause, Lerner, Vause, We've Organizations: Getty, Israel Defense Forces, CNN, IDF Locations: Rafah, Gaza, Anadolu, Israel
Taylor Swift has arrived at Allegiant Stadium in Las Vegas to cheer on the Kansas City Chiefs and beau Travis Kelce in tonight's Super Bowl. The NFL and CBS, which is airing tonight's game, shared video of the music mega-star arriving and chatting with rapper Ice Spice and actor Blake Lively. Swift fans were concerned if the multi-Grammy award winning artist would make it to the big game given her tight touring schedule. Swift played the Tokyo Dome in the Japanese capital from February 7 to 10, leaving her little time — given the long-haul flight and large time difference — to get back for the Super Bowl at Allegiant Stadium. The Japanese Embassy put out a statement last week to ease the concerns of fans.
Persons: Taylor Swift, Travis Kelce, Spice, Blake Lively, Scott, Andrea, Swift, , Chris Lau Organizations: Kansas City Chiefs, NFL, CBS, Tokyo, Super, Allegiant Locations: Las Vegas, Tokyo
But this month, all eyes are on another one of its historic sites – the Xi’an City Wall, said to be one of the world’s most impressive remaining traditional defense systems and one of the only complete ancient city walls left in China. China officially marks the Lantern Festival as the 15th day of the first lunar month (February 24 in 2024). A year-round attractionThe top of Xi'an's City Wall is a popular place for locals and tourists to get some exercise. chuyu/iStockphoto/Getty ImagesWhen not glowing with lanterns, Xi’an’s City Wall provides locals and tourists a relaxing space for cycling, or a breezy stroll, while offering panoramic views. A year earlier, in 2014, then-US First Lady Michelle Obama jumped rope and danced on the Xi’an City Wall.
Persons: netizen, Yuan, Xiao, it’s, Mark Zuckerberg, Michelle Obama Organizations: CNN, Army, Visitors, Lantern Festival ., Festival, Wall, Facebook Locations: China, Xi’an, Weibo, Lantern Festival . China
Live updates: The latest on the Israel-Hamas news
  + stars: | 2024-02-10 | by ( Chris Lau | Andrew Raine | ) edition.cnn.com   time to read: +3 min
A woman and children sit outside tents sheltering displaced Palestinians in Rafah, Gaza, on February 8. Satellite images showed this week how a tent city has swelled in size in just a few weeks. Also, US Secretary of State Antony Blinken raised concerns about the expansion into Rafah during meetings with Netanyahu and other Israeli officials this week, two Israeli officials told CNN on Wednesday. Non-governmental organizations issue warnings: Several non-governmental organizations have warned about the humanitarian consequences of Israeli operations in Rafah. Half of UNRWA requests to deliver aid in Gaza denied: The UN's main relief agency in Gaza said Friday that half of its aid mission requests to deliver aid in Gaza since the beginning of the year have been denied.
Persons: Mohammed Abed, Benjamin Netanyahu, , Vedant Patel, Antony Blinken, Netanyahu, won’t, Philippe Lazzarini Organizations: Getty, United Nations, Israel Defense Forces, CNN, Wednesday, Norwegian Refugee Council, Hamas, The United Nations Relief, Works Agency for Palestine Refugees Locations: Rafah, Gaza, AFP, , Israel, United States, Egypt
Investors expect the Securities and Exchange Commission to greenlight spot ether ETFs in May, but the price action for the crypto could be subdued compared to bitcoin's moves in the runup to its ETF approvals. That compares to the 55% surge bitcoin saw after BlackRock first filed its spot ETF application for the flagship crypto. Regardless, we see the spot ether ETF being less appreciated by the market." JPMorgan estimates a "no more than 50% chance" of spot ether ETF approval by May 23, the final deadline for the SEC to approve or deny the Ark/21Shares application . Schwenkler said any excitement leading up to potential ether ETF approvals will be "less speculative" and that a lot of it is priced in already.
Persons: Kenneth Worthington, Nico Cordeiro, there's, Owen Lau, Oppenheimer, Gustavo Schwenkler, Bitcoin, Solana, Schwenkler, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, JPMorgan, BlackRock, BTC, ETH, SEC, CNBC, Leavey School of Business, Santa Clara University, of Locations: Southern, of New York, bitcoin
CNN —Australian police are combing a large swathe of bushland in the state of Victoria for a woman who has been missing without a trace since going for a run six days ago. Samantha Murphy left her Ballarat home for a run in the Woowookarung Regional Park at 7am on Sunday, according to Victorian police. But high temperatures over recent days – sometimes reaching 37 degrees Celsius (98 Fahrenheit) – and the length of time she’s been missing have fueled concerns for her safety. Police have released images of missing woman Samantha Murphy, who was last seen leaving her home in Eureka Street, Ballarat East, on Sunday. Speaking alongside his daughter on Thursday, her husband, Michael, urged local residents to report every “little thing” they find relevant.
Persons: Samantha Murphy, Mark Hatt, she’s, Hatt, Murphy, Jess, , , Bob Heaney, Michael, It’ll Organizations: CNN, Australian, Ballarat, Victoria Police, Police, Sunday . State Government, Nine Locations: Victoria, Eureka Street, Victoria Woowookarung, New York City
Hong Kong CNN —A city in mainland China has canceled its plan to host a soccer match featuring Argentina’s national team amid a growing backlash in the country against star player Lionel Messi. Messi has faced an outpouring of criticism after he remained on the bench during an exhibition game featuring his Major League Soccer team Inter Miami in Hong Kong. Public relations nightmareMessi stayed on the substitute bench when Inter Miami played the Hong Kong team on February 4, despite repeated requests from the Hong Kong government and organizer, Tatler Asia, for him to get on the field. Messi later said this had been a “shame,” and that he had wanted to participate. “Our aspiration was to create an iconic moment in support of the government’s efforts to remind the world how relevant and exciting Hong Kong is.
Persons: Lionel Messi, Messi, jeered, hasn’t, XFEST, Organizations: Hong Kong CNN, Argentina’s, Major League Soccer, Inter Miami, Hangzhou Sports Bureau, Hangzhou Olympic Sports, Argentina, Beijing Workers, Hong Kong, Hong, Tatler Asia, Vissel Locations: Hong Kong, China, Hangzhou, Argentina, Nigeria, Ivory, Vissel Kobe, Japan, Beijing, Asia
“(He) played in five of the six preseason games and only missed the game in Hong Kong, China! Don’t come to China, China doesn’t welcome you,” another user wrote in a post liked by 20,000 others. “Why didn’t Messi play in Hong Kong or participate in the handshake with HK (the Hong Kong) chief executive? Messi's no-show sparks an outcry in Hong Kong on February 4, 2024. One social media user noted that it was not only Messi who played in Tokyo, but not Hong Kong.
Persons: Lionel Messi, Messi didn’t, Messi, “ Messi, Hong Kong, Kenneth Fok, Hu Xijin, didn’t Messi, ” Hu, , Louise Delmotte, “ Don’t, Hong, David Beckham, Beckham, Gerardo “ Tata ” Martino, Luis Suárez couldn’t, Philip Fong, , nimbly, Regina Ip, ” “ Messi, Kenneth Chan, Taylor Swift, Organizations: Hong Kong CNN, Sunday, Major League Soccer, Inter Miami, Vissel, Hong, CNN, Weibo, HK, Global Times, Inter, National Basketball Association, Houston Rockets, Soccer, Ardent, Messi, Argentina national, Australia, Inter Miami's, Getty, The Inter Miami, Hong Kong Baptist University Locations: China, Hong Kong, Argentine, Japan, Vissel Kobe, Tokyo, Beijing, State, China’s Sichuan, Argentina, AFP, Asia
Hong Kong CNN —The Hong Kong government’s repeated requests for Lionel Messi to play in a sell-out soccer match went unanswered Sunday, a city official said, as cheers turned to jeers for the Argentine soccer legend. Meanwhile, the Hong Kong government, which provided more than $2 million in grants to the match organizer, also said it was “extremely disappointed” the star did not play. Fans make their feelings clear after Lionel Messi's Hong Kong no-show. ‘We do feel a bit scammed’“Messi mania” had captured Hong Kong with Inter Miami’s arrival on Friday as fans swarmed the Major League Soccer team’s hotel. Meanwhile, the stadium reached full capacity during the Inter Miami’s open training session the evening before the match.
Persons: Hong Kong government’s, Lionel Messi, jeers, , Messi, Ballon, Kevin Yeung, XFEST, Lionel Messi's, Justin Chin, Yeung, , ” Yeung, Gerardo “ Tata ” Martino, , ’ “ Messi, , Ada Kam, Luis Suárez Organizations: Hong Kong CNN, Hong Kong, Inter Miami’s, Hong, Hong Kong XI, Culture, Bloomberg, Getty, Inter, Major League Soccer team’s, CNN, Nigeria Locations: Hong Kong, Hong, Argentine, Lionel Messi's Hong Kong, Miami, Inter Miami’s, Tokyo, China, Argentina, Hangzhou, Ivory Coast, Beijing
A screengrab from a video, geolocated by CNN to the town of Qaim, Iraq, shows the aftermath of US military strikes in the area according to the Iraqi Military. US officials say the strikes hit four facilities in Syria and three in Iraq, where security officials reported damage in the city of Al-Qaim. The sites allegedly belonged to various Iran-backed militias, which the US blames for the strike in Jordan. The US does not plan to strike inside Iran: A senior official with the Biden administration told CNN the US will not strike inside Iran – only focusing on targets outside of the country. Striking inside Iran would have been a huge escalation, and officials have telegraphed that is unlikely to happen.
Persons: Joe Biden, Lloyd Austin, Biden, Jordan, Douglas Sims, Sims, John Kirby Organizations: CNN, White House, Pentagon, Defense, Air Force, National Security Locations: Qaim, Iraq, Iraqi, Jordan, Syria, Al, Iran, Israel, Lebanon, Yemen, Gen
LVMH launches Watch Week in Miami
  + stars: | 2024-02-03 | by ( Crystal Lau | Robert Frank | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLVMH launches Watch Week in MiamiExecutives from LVMH's top watch maisons sound off on Watch Week and the state of the luxury market
Organizations: LVMH, Watch Locations: Miami
The US Navy in recent weeks has been shooting down Houthi anti-ship ballistic missiles. Washington has also conducted preemptive strikes in Yemen, destroying anti-ship ballistic missiles before the rebels are able to launch them. CENTCOM has not specified which anti-ship ballistic missiles have been used in the attacks on international shipping lanes. AdvertisementChina has a formidable arsenal of anti-ship ballistic missiles, like the DF-21D and DF-26, and is increasingly expanding it. Advertisement"It doesn't matter what's coming at them, really," said Macy, the retired admiral who served aboard multiple US Navy warships.
Persons: , Archer Macy, it's, Joe Biden, Jonathan, Bryan Clark, Mohammed Hamoud, Andy Wong, Clark, Shaan Shaikh, Shaikh, Carney, MCS2 Aaron Lau, Macy Organizations: US Navy, Pacific . Experts, Service, Pentagon, International Institute for Strategic Studies, Hudson Institute, People's Liberation Army Rocket Force, Military, Missile Defense, Center for Strategic, International Studies, Navy, Combat System Locations: China, Pacific, Iran, Yemen, Gulf of Aden, Washington, Tehran, CENTCOM, Gaza, Jan, Sana'a, Western, Beijing, Tiananmen, Red
Swift is scheduled to play the Tokyo Dome in the Japanese capital from February 7 to 10, leaving her little time – given the long-haul flight and large time difference – to get back for the Super Bowl at Allegiant Stadium in Las Vegas on February 11. Still, as the Japanese Embassy’s statement shows, Taylor-mania is hardly confined to the NFL or even America. In Asia, the singer sparked a ticketing frenzy after announcing that she would be playing six shows in Singapore and four in Tokyo. So fierce has the competition been that fans have taken to calling it the “Great War” for tickets. After her Tokyo shows – and hopefully for fans, an appearance in Vegas – Swift is expected to return overseas for seven shows in Australia.
Persons: Taylor Swift, Travis Kelce, Swift, Taylor, Kelce, , , , Vegas – Swift Organizations: CNN, Super, Embassy, Tokyo, Chiefs, Kansas City Chiefs, San Francisco 49ers, NFL, Chicago Bears, Singapore Locations: Washington, Las Vegas, Tokyo, Las Vagas, Japan, , America, Asia, Singapore, Vegas, Australia
Hong Kong CNN —Heavy snow and rain is forecast to hit central and eastern China in the coming days, threatening travel plans for hundreds of millions of Chinese workers heading home for the Lunar New Year. However, Xu Jun, chief forecaster from the Central Meteorological Observatory, told CCTV the forecast snowfall won’t be as heavy or widespread as that experienced around the holiday season 16 years ago. “The rain and snow overlap with the peak period of Spring Festival travel. This has posed risks to safe (travel) and brought inconvenience to the transportation,” weather expert Wang Lijuan, from China Meteorological Administration, told CCTV. Xu, from the Central Meteorological Observatory, told CCTV freezing rain could affect many provinces over an area as wide as 43,000 square kilometers (16,600 square miles).
Persons: Xu Jun, Wang Lijuan, Xu Organizations: Hong Kong CNN, Central Meteorological Observatory, Meteorological, Festival, China Meteorological Administration, Central Meteorological Locations: Hong Kong, China, Hebei, Henan, Shandong, Liaoning, Hubei, Zhengzhou, China's, Xinjiang, Anhui, Weibo, Mohe, Heilongjiang
“We know this is silly; we know this is fun,” said Marcy Galando, executive director of the Punxsutawney Groundhog Club. Members of Punxsutawney Groundhog Club, organized in 1899, care for Phil at a customized space beside Punxsutawney Memorial Library — where there's a window with a view into the creature's burrow. The Punxsutawney groundhog makes predictions but he's not always predictable. In 1998, a groundhog club leader wearing a $4,000 groundhog suit reported being assaulted by a half-dozen young men. Intended to preserve Pennsylvania German culture and traditions, clubs would sometimes fine those who were caught speaking anything but their Pennsylvania Dutch language at meetings.
Persons: Phil, there'll, Bill Murray, , there's, Marcy Galando, Joseph, Jesus, Don Yoder, Yoder, he's, didn't, PHIL, Charlie Hart, Hart, Orphie, “ Octoraro Orphie, It's, Travis Lau, ” Lau, groundhogs, William W, Donner, ” Donner Organizations: Historians, University of Pennsylvania, Punxsutawney, Pennsylvania, University, National Centers for Environmental, Oceanic, Atmospheric Administration, U.S Locations: Pa, Pennsylvania, U.S, Canadian, Europe, Jerusalem, United States, Morgantown , Pennsylvania, , Pittsburgh, Punxsutawney, Quarryville, Lancaster County, Pennsylvania's
Hundreds of protesters stormed Hong Kong's Legislative Council building on July 1, 2019, after a protest march against a proposed extradition bill that would have allowed authorities to send individuals to mainland China for trial. District Court Judge Li Chi-ho found four people including Ho Chun-yin, actor Gregory Wong, Ng Chi-yung and Lam Kam-kwan guilty of rioting. During the trial, Gregory Wong told the court he entered the legislative council solely to deliver two chargers to reporters who were covering the break-in by protesters. Three Hong Kong police officers met him in Shenzhen and said he had to cooperate or else he would not be able to return to Hong Kong. Hong Kong's district court sets a maximum of seven years in prison for rioting.
Persons: Jessie Pang, Edward Cho HONG, Li Chi, Ho Chun, Gregory Wong, Ng Chi, Lam Kam, kwan, Lam, Wong Ka, Ma Kai, Wong, Althea Suen, Ventus Lau, Owen Chow, Edward Cho, Farah Master, Lincoln Organizations: Reuters, Hong, Legislative, Hong Kong, Hong Kong . Police, University of Hong Locations: Edward Cho HONG KONG, Hong Kong, China, Legco, Shenzhen, Hong Kong's
The firm named the stock a top pick for 2024 and reiterated an overweight rating alongside a $105 per share price target. The firm downgraded the health insurance stock to neutral from buy, and lowered its price target to $370 per share from $530. Sur reiterated an underweight rating on Intel stock alongside a $37 per share price target, or more than 25% downside moving forward. Deutsche Bank's Ross Seymour reiterated a hold rating on the stock as well as a $42 per share price target, implying about 15% downside. Analysts Benjamin Black upgraded the Snapchat parent company to buy from hold and raised his price target to $19 from $10.
Persons: Oppenheimer, Wells, Timur Braziler, — Brian Evans, AJ Rice, Brian Evans, Piper Sandler downgrades, Bancorp Piper Sandler, Piper Sandler's, Scott Siefers, Harlan Sur, Sur, America's Vivek Arya, Arya, Deutsche Bank's Ross Seymour, Seymour, Owen Lau, Lau, Coinbase, Analysts Benjamin Black, Black, Fred Imbert Organizations: CNBC, Deutsche Bank, UBS downgrades Humana, UBS, Humana, Piper Sandler downgrades U.S, Bancorp, U.S . Bancorp, Intel, . Bank, America's, GM, Deutsche, U.S . Securities, Exchange Commission, Analysts Locations: Wells Fargo, Puerto Rican, ., Coinbase, Thursday's, China
Live updates: The latest on Israel's war in Gaza
  + stars: | 2024-01-20 | by ( Chris Lau | Andrew Raine | ) edition.cnn.com   time to read: 1 min
Intense Israeli bombardment and heavy fighting in the area around a large hospital in southern Gaza killed at least 29 people Friday, according to Palestinian state news agency WAFA. Khan Younis has been the epicenter of Israel's ground operation in recent weeks. The fighting has forced thousands of Gazans to flee the area, many of them already displaced from northern neighborhoods where Israel first launched its offensive. Displaced Palestinians continue to arrive in overcrowded Rafah, near the border with Egypt, by "the thousands," a United Nations human rights official said Friday. There, they shelter in makeshift tents with little food or clean water.
Persons: WAFA, Khan Younis Organizations: Nasser Hospital, United Locations: Gaza, Nasser, Khan, Israel, Rafah, Egypt, United Nations
CNN —Belarus on Friday adopted a new military doctrine that – if approved – would be the first step toward deploying nuclear weapons across the country. The Union State of Belarus and Russia Treaty sets up a legal basis for a wide-ranging alliance between the two countries. Baltic states reinforce bordersThe move by Belarus came as neighboring Baltic states signed an agreement to reinforce their borders with Belarus and Russia. During an interview with state news agency Belta in August last year, Belarusian leader Alexander Lukashenko said his country did not “bring nuclear weapons here in order to scare someone.”“Nuclear weapons represent a strong deterring factor. But these are tactical nuclear weapons, not strategic ones.
Persons: Viktor Khrenin, , Khrenin, , Vladimir Putin, Alexander Lukashenko, Hanno Pevkur Organizations: CNN, ” Belarusian, Belarus ’, Collective Security, Organization, Union State, NATO, The Union, The Union State of, Russia Treaty, Belarusian People’s Assembly, Novosti, UN, OSCE, ” Minsk, Estonian Defense Ministry, Estonian Minister of Defense, Belta Locations: Belarus, Republic of Belarus, Russian, Russia, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, The Union State, The Union State of Belarus, Ukraine, NATO, Poland, Lithuania, Latvia, Baltic, Estonia, Estonian
CNN —At least 13 people have died in a fire at a school dormitory in central China, according to Chinese state media. The fire broke out around 11 p.m. Friday evening local time at Yingcai School near the city of Nanyang, Henan province, Xinhua reported. Local authorities are investigating the cause of the fire, the report said, adding that a “person in charge of the school” had been detained. Parents who spoke to the newspaper said students at the boarding school are allowed to go home once every 10 days, for four days. Such a tragedy will cause such great pain for these 13 families,” the user wrote.
Persons: Organizations: CNN, Yingcai School, Xinhua, Firefighters, Beijing, Daily, Weibo, Saturday Locations: China, Nanyang, Henan province
Dr. Deborah Harrington appears on CNN on Wednesday, January 17. “There is no antenatal care for women… and the women I saw were really severely anemic,” she said. Fourteen were directly hit, based on the evidence collected and verified by CNN and analyzed by experts. The Hamas-run Ministry of Health in Gaza says Israel “has deliberately targeted 150 health institutions, putting 30 hospitals and 53 health centers out of service, and targeting 122 ambulances." CNN cannot independently verify these numbers and CNN has reached out to the Israeli military for comment.
Persons: Deborah Harrington, Dr, CNN’s Christiane Amanpour, Harrington, , ” Harrington, , , Israel “ Organizations: CNN, Al, Aqsa Martyrs Hospital, International Rescue, Medical Aid, Palestine, Hamas, of Health Locations: British, Aqsa, Gaza, Israel
US Navy ships spent months intercepting the Houthi attacks and warning them to stop to no avail. CENTCOM said that it "conducted strikes on 14 Iran-backed Houthi missiles that were loaded to be fired in Houthi controlled areas in Yemen." In all of these cases, the US moved proactively, degrading Houthi forces, now redesignated as terrorists, by prioritizing striking first to neutralize missiles before they were launched. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023. The US, which had already been intercepting threats, took steps in mid-December to restore navigation in the area through coalition action, but Houthi attacks continued.
Persons: they're, Biden, , Joe Biden, Ansar Allah, ” Biden, , Yashar Ali 🐘, ince, aron L, egan, arn Organizations: US Navy, Service, US, Houthis Locations: Yemen, United States, essels
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti says it expects Chinese economic outlook to be mediocre this yearPierre Lau, China equity strategist at Citi, says the bank is being selective when it comes to Chinese stocks in 2024.
Persons: Pierre Lau Organizations: Citi Locations: China
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